Unigestion Holding SA Makes New Investment in Invitation Homes Inc. (NYSE:INVH)

Unigestion Holding SA purchased a new stake in shares of Invitation Homes Inc. (NYSE:INVH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 28,000 shares of the company’s stock, valued at approximately $895,000.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Invitation Homes in the fourth quarter worth about $1,646,794,000. State Street Corp increased its position in shares of Invitation Homes by 0.8% during the third quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after acquiring an additional 298,307 shares in the last quarter. Geode Capital Management LLC raised its holdings in Invitation Homes by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company’s stock worth $480,276,000 after acquiring an additional 365,954 shares during the last quarter. Centersquare Investment Management LLC lifted its position in Invitation Homes by 42.9% in the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock valued at $412,366,000 after acquiring an additional 3,870,432 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Invitation Homes by 74.1% during the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock valued at $350,041,000 after purchasing an additional 4,661,213 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on INVH. Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. JMP Securities reissued a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Barclays reaffirmed an “overweight” rating and set a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Keefe, Bruyette & Woods boosted their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, March 5th. Finally, Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $37.47.

Invitation Homes Trading Down 4.4 %

NYSE:INVH opened at $32.49 on Friday. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80. The business has a fifty day moving average price of $32.84 and a 200-day moving average price of $33.06. The firm has a market capitalization of $19.91 billion, a price-to-earnings ratio of 45.76, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business had revenue of $659.13 million during the quarter, compared to analysts’ expectations of $658.71 million. Sell-side analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be given a $0.29 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.57%. Invitation Homes’s payout ratio is currently 158.90%.

Invitation Homes Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.